This operation is funded by the NHF to finance social housing.

Two types of mortgage facilities are granted from the window at subsidized rates of interest. Both have the goal of facilitating affordable homeownership by contributors to the Fund.

On contributing continuously for a minimum of six months, contributors become pre-qualified to access home loans from the Fund by forwarding applications to the FMBN via accredited primary mortgage institutions (PMIs). Such loans are granted by the FMBN at 4% interest per annum to PMIs for on-lending to contributors at 6%, subject to an individual loan ceiling of N15 million, who repay over a maximum period of 30 years.

The other facility is estate development loan (EDL) granted to housing estate developers (Private Developers, Housing Corporations and Housing Cooperatives) to build houses within affordable target prices for sale to NHTF contributors. It attracts 10% interest and is repayable in 24 months. Membership of the Real Estate Developers Association of Nigeria (REDAN) is part of the conditions for accessing the EDL.